The strength of the U.S. dollar against other currencies is not weighing down foreign interest in New York real estate. Instead, the opposite is occurring as international investors are increasingly seeing the brick-and-mortar assets in the Big Apple as a protected place to store capital.
Last year, the dollar gained modestly on the Chinese yuan and the British pound and logged low double-digit increases against the euro and Japanese yen. But foreign investment in New York City commercial real estate totaled $13.24 ...
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2015